Acasă » Electricity » New price control measures unveiled in Coalition on Tuesday – Offshore law to speed up

New price control measures unveiled in Coalition on Tuesday – Offshore law to speed up

21 February 2022
Consumers
Bogdan Tudorache

The reduction of VAT to 5 percent and the capping of suppliers’ profit margins to a maximum of 5% are among the new measures discussed on Monday, during the Government meeting between the Prime Minister and the relevant ministers. Also, the president of PNL, Florin Cîțu, states that we must “speed up the Offshore Law” and launch new production capacities.

Instead, the Social Democrats want to propose on Tuesday, in the coalition meeting, the reduction of excise duties on fuels (gasoline, diesel, LPG) by half.

USR also has its own project to reduce VAT on fuels to 5%, meant to bring pump prices back to last year’s level.

Although the government is looking at a number of measures to reduce the price of energy and gas bills, the Liberals are primarily advocating a series of measures for consumers, who are most affected by the price explosion and who would benefit from a reduction in VAT to 5 percent on new invoices.

According to coalition political sources, the granting of vouchers, the value of which has not yet been established, which would benefit more than four million households, is also being considered.

At the same time, investments are being considered in the reopening of gas plants, such as those in Bumbești and Iernut, for which the approval of the European Commission will be required in advance.

At the same time, the president of PNL, Florin Cîțu, says that the solutions must include long-term plans.

“We are moving in the direction of expanding production capacity, we want a cross-party plan to ensure that every year an amount is allocated to investments in this sector. To have energy security by 2026, we need to speed up the offshore law. You see that these investments are needed, but I come back to what I have been telling you for a few weeks: first the solutions must come from the Government, we will see them, we will discuss them. Once we have a solution in the coalition, we will come and present it. This is not just a solution for April 1st, we need to have a long-term solution. If we do not come up with a long-term solution, we will discuss it in six months, again, and we will sit down and patch it up again,” said Florin Cîţu.

 

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

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